Legal Question in Bankruptcy in Texas

judgments

Can judgments be included in chapter 7, we owned a business, we were sued a few time and lost, resulting in judgments...if we file do we still have to pay them..and what about a property tax judgment?


Asked on 2/24/05, 1:17 am

2 Answers from Attorneys
Rogena Atkinson The Law Offices Of R.J.Atkinson,LLC

Re: judgments

If your intention is to keep the property which is the subject of the property tax suit/judgement (presuming you're referring to real estate), you may consider a chapter 13 repayment to make catch up pmts on this debt. Property tax authorities can foreclose on your property for non payment, and in that sense are not "dischargeable" in bankruptcy. However, if you are surrendering the property, or already have, you can reclassify the debt to an unsecured debt, and discharge it in a chapter 7 or chapter 13. Please contact me at 713-862-1700 if you are looking for a Houston or San Antonio Attorney. Good Luck.

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Answered on 2/26/05, 1:14 pm
Jeffrey Hacker Law Offices of Jeffrey R. Hacker, PC

Re: judgments

Taxes and judgments are includable in bankruptcy but taxes are a "priority" debt and may not always be dischargeable - it depends on the type. Judgments can be discharged. If you need further information, please feel free to call my office at 800-691-5630 (I'm in Dallas)

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Answered on 2/25/05, 4:50 pm


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